Understanding Australia's economic dependence on China
While Australia's economic relationship with China has rapidly grown, so too have fears that this exposure presents Australia with excessive risk. This factsheet draws on data from an Australia-China Relations Institute report, 'Small grey rhinos: understanding Australia's economic dependence on China', which discusses the market forces driving the Australia-China economic relationship as well as the three main attendant risks.
Anthony Albanese and the People’s Republic of China: an overview
Following the Australian Labor Party’s (ALP) federal election defeat on May 18 2019, Bill Shorten stepped down as leader of the party. Anthony Albanese, a long-term ALP frontbencher, became the ALP’s leader-elect on May 27 after an uncontested leadership ballot, and was formally endorsed as Opposition Leader on May 30. While Mr Albanese is supportive of Australian engagement with the People’s Republic of China (PRC) and of strengthening bilateral economic ties, he has also positioned himself as having due regard to the need to balance this against security considerations.
PRC migration to Australia - statistics and trends
What are the current trends in PRC citizen inflows into Australia – both permanent and temporary? This fact sheet provides a snapshot of key statistics and trends in permanent migration, naturalisation, student visa grants, visitor visa grants, temporary work visa grants and visa cancellations.
In 2017-18 162,417 permanent migration programme visas were granted. Migrants from the PRC accounted for 15.5 percent.
China-Australia LNG trade in the context of the China-US trade war
An update on PRC investment in Australian residential real estate
Investment from the People’s Republic of China (PRC) in the Australian residential real estate market overall largely aligns with Australia’s foreign investment policy objectives. PRC investment in the residential real estate market has declined since 2016-17. The evidence available does not suggest systemic wilful non-compliance with residential real estate rules overseen by the Foreign Investment Review Board (FIRB).
Renewable energy development in China
1. China is now the world leader in installed capacities of hydro, solar photovoltaic (PV) and wind power. China currently accounts for 28.5 percent of the global hydroelectricity generation, 32.8 percent and 31.9 percent of global solar PV and wind power installed capacity, respectively.
2. In 2017 China added:
Steve Bannon on Australia and China
Steven Bannon, former chief strategist to US president, Donald Trump, has courted Australian media in a bid to influence public opinion on China.
The Morrison government and China
On August 24 2018 Scott Morrison was elected leader of the Liberal Party by a party-room vote and sworn in as Australia’s 30th Prime Minister.
Mr Morrison was Treasurer from September 21 2015-August 23 2018. He visited China at least twice in that capacity, most recently in September 2017 to participate in the third Strategic Economic Dialogue in Beijing, the highest level bilateral economic meeting between Australia and China.
The WA-China economic relationship
1. In the year to June 2018, the value of Western Australia goods exports to China was $61.5 billion. This compares with a record high of $62.7 billion in May 2014.1
2. Exports to China account for 47.4 percent of total WA goods exports, and are the equivalent of 24.8 percent of Gross State Product.2
The beginnings of a new tone on China?
Prime Minister Malcolm Turnbull on August 7 delivered a speech to the University of New South Wales (UNSW) which seemed to continue the process of softening some of the sharper rhetoric that had been deployed in public treatment of the Australia-China bilateral relationship since early 2017.